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Houghton County, MI · Sold

MI-481338

3015 County Road 233

$7,700
$4,873/ac · 1.58 ac
Acreage1.58 ac
Price per acre$4,873/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedNov 25, 2023
Coordinates46.9213, -88.5833
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Houghton County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Houghton market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands19.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

153 ft of deeded road frontage.

Power9,000 ft away

A long utility run — price in solar/off-grid instead.

Buildable area1.21 of 1.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,176
$5,131$7,221 · $3,909/ac on 1.58 ac
Asking vs estimate
+24.7%
Priced above the comp set

Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $7,700
Maximum allowable offer
$3,529
$2,234/ac · +30.0% target margin

You need $4,171 off asking to hit this margin.

All-in cost$3,829
Net resale$5,682
Projected profit$1,853
ROI+48.4%
Annualized+69.3%
Break-even resale$2,634/ac
Profit if resale lands off target
-20%
$717
-10%
$1,285
0%
$1,853
+10%
$2,421
+20%
$2,989
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6543,2157.5 mi
79
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1104,4008.9 mi
78
MI-531241
Landlocked · Full utilities
1.5May 20, 2024$5,4003,6613,5264.2 mi
77
MI-930107
Paved · Off grid
0.7Jan 5, 2025$2,6003,9593,0511.6 mi
70
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0284,7194.9 mi
68
MI-442158
Gravel · Power at road
2.9Sep 26, 2024$16,8005,8674,68810.3 mi
66
MI-970160
Landlocked · Full utilities
0.7Aug 15, 2025$2,7004,0753,7067.9 mi
64
MI-370174
Paved · Power at road
0.7Jun 28, 2024$3,3004,9213,2914.5 mi
61
MI-453037
Dirt · Full utilities
5.4Oct 10, 2024$33,0006,0954,7474.5 mi
60
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Market time (7 mo)+2.6%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.